What is Core Scientific, Inc.'s HPC hosting — cost of revenue?

Core Scientific, Inc. (CORZ) reported HPC hosting — cost of revenue of $7.78M in Q4 2024.

What does HPC hosting — cost of revenue mean?

The total direct costs incurred to provide high-performance computing hosting services.

How do you interpret HPC hosting — cost of revenue?

A decrease relative to revenue signals improved operational efficiency and better cost management in the hosting segment.

How does HPC hosting — cost of revenue compare across companies?

Comparable to cost of goods sold (COGS) for infrastructure-as-a-service (IaaS) providers or data center operators.

Core Scientific, Inc. CORZ HPC hosting — Cost of Revenue

Discontinued — last reported Q4 '24

Other product segments

Cost of digital asset self-mining

$47.19M-22.9%

Colocation revenue

$33.62M+315%

Digital asset hosted mining revenue from customers

$4.33M+113%

Similar metrics at other companies

APLDHPC Hosting Business — Cost of revenues

$43.56M+96,696%

HUTHigh Performance Computing Colocation And Cloud — Cost Of Revenue

$32.63M+142%

APLDHPC hosting segment — Revenue from Contract with Customer, Excluding Assessed Tax

$0—

APLDHPC Hosting Business — Costs and Expenses

$53.44M+23,973%

RIOTData Center Hosting — Cost Of Revenue

$23.19M+32.4%

APLDHPC Hosting Business — Total segment revenue

$71.01M—

Other financials

Income statement

See full

Revenue$115.2M+44.9%

Gross profit$30.1M+267%

Operating income-$310.4M-560%

Net income-$347.2M-160%

EPS (diluted)-$1.06-185%

Balance sheet

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Cash & equivalents$1.1B+64.0%

Total debt$2.2B+82.8%

Total equity-$1.3B-323%

Total assets$3.1B+88.9%

Cash flow

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Operating cash flow$249.9M+655%

CapEx$389.2M+363%

Free cash flow-$139.3M-8.0%

Valuation

See full

Market cap$9.27B+121%

Enterprise value$10.28B+119%

P/S26.1×+15.9×

Profitability

See full

Gross margin16.9%+4.3pp

Operating margin-144.7%-478pp

Net margin-238.9%-1.8pp

FCF margin-130%-246pp

Returns & leverage

See full

Return on equity-242.4%—

Debt / equity2.2×—

Current ratio0.5×-3.7×

Where this comes from

Reported directly by Core Scientific, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The official record: Core Scientific, Inc.’s 10-K/A, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Core Scientific, Inc.'s HPC hosting — cost of revenue?: Core Scientific, Inc. (CORZ) reported HPC hosting — cost of revenue of $7.78M in Q4 2024.
What does HPC hosting — cost of revenue mean?: The total direct costs incurred to provide high-performance computing hosting services.
How do you interpret HPC hosting — cost of revenue?: A decrease relative to revenue signals improved operational efficiency and better cost management in the hosting segment.
How does HPC hosting — cost of revenue compare across companies?: Comparable to cost of goods sold (COGS) for infrastructure-as-a-service (IaaS) providers or data center operators.